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Mood brightens as price war 'over'

ANALYSTS are expecting the unexpected as OPEC meets Russia on the sidelines the International Energy Forum in Algiers tomorrow to thrash out a potential production freeze, just as Bank of America Merrill Lynch called the oil price war officially over.

Mood brightens as price war 'over'

"Global oil spare production capacity has dropped on rising OPEC output, and 2020 Brent and WTI crude oil prices have dropped, partly on fears that the cartel will keep growing its market share." BoAML...

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